SpaceX Stock Faces $208 Resistance As Jim Cramer Flags Key Technical Level - SpaceX (NASDAQ:SPCX)

Space Exploration Technologies Corp.

(NASDAQ:SPCX) opened at $150 on its first trading day and closed at $201.80 on Tuesday, delivering a gain of more than 34% in just three trading sessions.

But after the initial surge, traders appear to be running into a problem that CNBC's Jim Cramer spotted in real time.

"They are trying to walk up SpaceX right now but meeting a lot of resistance at the 208 level," Cramer wrote on Wednesday.

They are trying to walk up SpaceX right now but meeting a lot of resistance at the 208 level— Jim Cramer (@jimcramer) June 17, 2026 Chart: Cramer May Be Onto Something While SpaceX stock briefly pushed above $220 during Tuesday's session, the rally quickly lost steam.